English translation: Entrust to the market

If a golf competition day is raining, the organizer may apologize to participants, even though they didn’t make it rain.

You cannot control the weather.

However, you can choose the period with a higher or lower probability of rain.

In individual stock forecasts, you may see expressions like “target price XX yen.”

Saying that for the golf competition one month later, the target is sunny weather with no wind is the same as having no way to influence anything.

You might want to ask, “Are you manipulating stock prices?”

I think it’s fine to say things like “I expect at least XX yen rise” or “XX yen is also possible.”

Suppose a stock rises from 100 yen to 500 yen in three months.

For someone who bought at 100 yen, that’s a fivefold increase, but in two weeks it could reach 1,000 yen. For someone who rode it up at 450 yen after seeing a strong rise, that’s “only a 10% gain,” but now the top may be in and it could drop to 300 yen in a month.

Both are merely personal considerations and do not influence market prices.

No matter how much you wish, it won’t have any effect, and there is no room for effort here.

Stock prices are left to the market, but you can freely decide the quantity, timing, and even whether to act at all—that is trading.

If you’re an adult, you should know this, but it’s human nature to slip into “sending thoughts” out of habit.

Just by paying attention to such simple things, the content of trading changes significantly.

Humans have the ability to repeat countless trials daily and accumulate them, so a slight misdirection can lead to enormous consequences. Conversely, even with weaker power, if the direction is right, you can steadily approach the correct answer.

In Lin Investment Research Institute’s “Theory of Market Techniques,” we emphasize having a firm personal forecast. However, we always consider the price action to be the main factor, and in cases of misjudgment, we believe it is necessary to calmly close positions, even while angrily insisting, “That can’t be true!”

Imagine your boyfriend or girlfriend as an extremely selfish partner.

Trying to control them will only dig a bigger hole, so you should focus on proposing ideas that will put them in a good mood that day.

It’s a rather sad setting, but we are trying to do the very same thing.